The median list price in Corona del Mar this week is $3,295,000.
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the Market Action Index in the seller’s zone, it is not surprising that prices have recently resumed their climb.
Price
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later to gauge the leading indicators.
